"We have a lot of plans". "I am in the band", said Iovine.
The Apple "executive" notes that while is contract is technically up in August, he doesn't actually have a contract; he has a "deal". However, Iovine says his shares has been vesting in stages since he arrived at Apple and that the August shares are only a fraction of his total stake.
Recent reports have suggested that Iovine would be leaving Apple in August 2018 after his contract ends.
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Since joining Apple, music industry legend Jimmy Iovine has cut an impressive figure by creating and bringing Apple's flagship music streaming service Apple Music to life. "I have a deal, and certain things happen along that deal", he continued in the Variety story.
There, he shut down all the reports that he would be leaving the company and made it very clear that he is loyal to Apple and would not be departing.
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Apple Music now has 30 million subscribers and is predicted to only increase thanks to even more exclusive content initiatives. That's why those articles annoyed me, because it had nothing to do with reality.
About Making Comments on our Site: Patently Apple reserves the right to post, dismiss or edit any comments. Apple Music has nearly no exclusive content, and all the major streaming services are essentially the same.
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The music executive also hinted that more original content could be coming to the music streaming service. Iovine is nearly 65 years old.